Question

What is the key advantage of a family floater policy?

a.

It offers coverage for a single individual only

b.

It allows each family member to have a separate sum insured

c.

It offers coverage for the entire family under a single sum insured

d.

It is typically more expensive than individual coverage

Answer: (c).It offers coverage for the entire family under a single sum insured Explanation:The key advantage of a family floater policy is that it offers coverage for the entire family under a single sum insured, which can be chosen at a higher level at a reasonable premium.

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Q. What is the key advantage of a family floater policy?

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